There are many options available to meet the various needs for your small business. When you layer or stack these resources, such as using the PACE/Flex PACE with a SBA 504 loan, you can get an even better deal for your business.

Projects with the the Pace & Flex Pace programs are still structured like an SBA 504 loan, but with these programs, you get the opportunity to buy down the interest rate that applies to the 504 lender's portion of the loan.

Community Match: 

• Will provide in communities where the community is unable to provide the matching funds on a project where we have a 504 loan. 

• Maximum term of 10 years.  

• Example: 5 year buy down with 5 year repayment, or 7 year buy down with 3 year repayment, 10 year buy down with balloon repayment, etc. 

• Interest rate: 4% 

• Collateral: Mortgage, security agreement, personal & business guarantees.    

• Approval & funding of Community Match is contingent on approval & closing of 504.  Community match to be advanced annually and if 504 does not close, buydown is terminated and immediately due and payable.